Lew Rockwell calls for repudiation of student loans

[qh4dotcom]

Link

http://www.lewrockwell.com/blog/lewrw/archives/96973.html

 

[iamse7en]

The student loan bubble isn't the only debt bubble where we need repudiation. Washington's blog has covered this before.

 

[Rothbardian Girl]

Could not have put it better myself as a current college student. Everyone got scammed by this except the higher-ups, as usual.

 

[green73]

rep +

 

[TCE]

That would be step one, to end federal student aid but step two would be to privatize the state schools. A big reason that I haven't heard discussed anywhere on here is that most universities are public. Instead of raising taxes on their citizens, states raise tuition. It would be a boon for private schools if federal student aid was ended, but to complete the whole puzzle, schools would need to be privatized.

 

[specsaregood]

Could not have put it better myself as a current college student. Everyone got scammed by this except the higher-ups, as usual.

I'm ok with it as long as they return their degrees and aren't allowed to claim them for employment purposes. You want to claim them then you gotta pay for them.

 

[TCE]

I'm ok with it as long as they return their degrees and aren't allowed to claim them for employment purposes. You want to claim them then you gotta pay for them.

Keep in mind at least for me, the government changed the rules completely in the middle of the game. I posted about this a while back, but the two Financial Aid bills Congress passed last year changed a lot and all of it for the worse. There is a bunch of new paperwork for colleges to fill out now and there are hundreds of pages of new rules. Guess who they passed the costs onto?

http://www.nytimes.com/2010/03/26/us/politics/26loans.html

They attached it to the Health Care bill. How nice of them. I think all Republicans voted "no," so it is probably not nearly as innocuous as the New York Times makes it out to be.

 

[jkr]

I'm ok with it as long as they return their degrees and aren't allowed to claim them for employment purposes. You want to claim them then you gotta pay for them.

GR8!where do i sign up?

they can have mine back
im 141k in debt
i am NOT using my degree=cannot command compensation to pay it off
i am essentally doing what i was doing 10 years ago BEFORE i tried to better myself for the benefit of my family and community
there are few jobs
i was COMPLETELY unprepared for how to use my degree in the world
i was naive to think people would pay me fairly for what i can do for them and their products
I ALSO DIdNT KNOW THAT STUDENT DEBT=DEBT SLAVE for LIFE, i learned that in school 2 years in.
why did they change the rules?
why can ANYONE fuck up and get a do over, EXCEPT "students"?
not faair at all and FUCK any "person" who disagrees, i am NOT interested in you or your tough love bullshit.

f'n take it, you can have it




IT IS NOT WORTH IT!

 

[TCE]

GR8

they can have mine back
im 141k in debt
i am NOT using my degree=cannot command compensation to pay it off
i am essentally doing what i was doing 10 years ago BEFORE i tried to better myself for the benefit of my family and community
there are few jobs
i was COMPLETELY unprepared for how to use my degree in the world
i was naive to think people would pay me fairly for what i can do for them and their products
I ALSO DIdNT KNOW THAT STUDENT DEBT=DEBT SLAVE, i learned that in school 2 years in.

f'n take it, you can have it


where do i sign up?

IT IS NOT WORTH IT!

Care to post the full story in hopes of those of us still in college learning from it? Would greatly appreciate it.

 

[Brian4Liberty]

Once again, smart kids could work their way through school

They always have. But what the heck, let's reward the ones who took on debt. Don't we get more of what we reward?

 

[specsaregood]

GR8!where do i sign up?

f'n take it, you can have it
IT IS NOT WORTH IT!

Then we are in agreement; thats why I passed on it.

 

[qh4dotcom]

Someone on Facebook asked me to sign a petition for forgiving loans...I said I'm not signing anything until students learn the truth about why they are so deeply in debt and who's responsible....and I gave them a Peter Schiff video to watch

http://www.youtube.com/watch?v=AIcfMMVcYZg

Also can the students please stop helping the corrupt politicians get elected? The politicians who are responsible for their debt problems?

 

[Jake Ralston]

GR8!where do i sign up?

they can have mine back
im 141k in debt
i am NOT using my degree=cannot command compensation to pay it off
i am essentally doing what i was doing 10 years ago BEFORE i tried to better myself for the benefit of my family and community
there are few jobs
i was COMPLETELY unprepared for how to use my degree in the world
i was naive to think people would pay me fairly for what i can do for them and their products
I ALSO DIdNT KNOW THAT STUDENT DEBT=DEBT SLAVE for LIFE, i learned that in school 2 years in.
why did they change the rules?
why can ANYONE fuck up and get a do over, EXCEPT "students"?
not faair at all and FUCK any "person" who disagrees, i am NOT interested in you or your tough love bullshit.

f'n take it, you can have it




IT IS NOT WORTH IT!

Whoa whoa whoa now, wait a second here. Are you claiming that you borrowed ONE HUNDRED AND FORTY ONE THOUSAND dollars for your education? Lol wtf am I reading that right?

 

[dannno]

I'm ok with it as long as they return their degrees and aren't allowed to claim them for employment purposes. You want to claim them then you gotta pay for them.

Um

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

It is in fact not currently illegal to claim degrees that you do not actually have, however employers generally look down strongly on lying on your resume.

However it doesn't seem like it would be beneficial for companies to ignore any education their applicants may have received, so I don't know why employers would choose to enforce this.

 

[specsaregood]

Um
It is in fact not currently illegal to claim degrees that you do not actually have, however employers generally look down strongly on lying on your resume.

However it doesn't seem like it would be beneficial for companies to ignore any education their applicants may have received, so I don't know why employers would choose to enforce this.

Uhm, I didn't say to pass any laws. The universities however should deny they have that degree and they should have to return any diplomas and such nonsense.

 

[dannno]

Whoa whoa whoa now, wait a second here. Are you claiming that you borrowed ONE HUNDRED AND FORTY ONE THOUSAND dollars for your education? Lol wtf am I reading that right?

Pretty sure some Ivy League schools run around $30-40k per year including housing, I believe.

Compared to state schools that run around $15k or so per year, including housing.

 

[dannno]

Uhm, I didn't say to pass any laws. The universities however should deny they have that degree and they should have to return any diplomas and such nonsense.

I lost my diploma

Why not instead make the condition that the government stop backing student loans so we can fix the problem instead of punishing the victims?

 

[specsaregood]

I lost my diploma

Then no debt refund for you!

 

[dannno]

Then no debt refund for you!

It was lost in the mail, never received it.

The diplomas they hand out at graduation are usually certificates, you get the real one mailed later on.

 

[specsaregood]

It was lost in the mail, never received it.
The diplomas they hand out at graduation are usually certificates, you get the real one mailed later on.

Life just aint fair. sorry about that, obviously it wasn't important to you.